Join FRB partner Matthew E. Foreman, Esq., LL.M. for “Bobbleheads, Baseballs, and Beanie Babies: The Taxation of Collectibles” (1.0 Credit CPE/CE for IRS Enrolled Agents) on Thursday, April 24, from 1:00 PM...
Archives
As prediction markets gain popularity, especially during major events like the Super Bowl or presidential elections, it’s crucial to understand the tax responsibilities associated with any winnings. The IRS considers income...
Falcon Rappaport & Berkman (FRB) is proud to announce the firm has been ranked in the Chambers and Partners 2025 New York: Long Island Regional Spotlight Guide for Corporate/Commercial Law for the second year in a row....
By: Megan E. Wilson, Esq., LL.M. and Matthew E. Foreman, Esq., LL.M. Recently, both major-party presidential candidates have come out in favor of a “no tax on tips” proposal, though neither candidate has indicated how to...
By: Jeffrey M. Verdon, Esq. Estate planning is often considered a task for the wealthy or those nearing retirement. However, it is a vital process for all adults and, in some instances, even more critical for women. Women can...
We are excited to announce that FRB Founding Partner Michele Schlereth, Esq., CPA, MST has been awarded the Long Island Business News 2024 Leaders in Business & Finance Independent CPA Award. This recognition highlights...
By: Matthew E. Foreman, Esq., LL.M. and Samuel J. Brady, Esq.[1] A question of burning relevance to certain taxpayers and their advisors is whether losses incurred in cryptocurrency trading can (a) be deducted generally and...
By: Matthew E. Foreman, Esq., LL.M. and James K. Ivanov Overview On May 3, 2024, the U.S. Court of Appeals for the D.C. Circuit issued its opinion in Farhy v. Comm’r (“Farhy DC”),[1] reversing the Tax...
By: Andrew P. Cooper, Esq., LL.M., Matthew E. Foreman, Esq., LL.M., and Terran Cooper The Drug Enforcement Administration (DEA) will call for cannabis to be rescheduled according to a report by the Associated Press. The...
By: Matthew E. Foreman, Esq., LL.M. and Vaughn C. Collopy, Esq. In Soroban Capital Partners v. Commissioner,[1] the United States Tax Court determined that entities formed as state law limited partnerships did not necessarily...